Cameron Poetzscher-articles

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​Uber Technologies is expected to hit the elite $10 billion club in 2016 as a massive investment haul comes in.
​Cameron Poetzscher is spearheading corporate development at the company.

Uber Expected to Top $10 Billion Valuation

​A new entrant to the $10 billion club of companies could soon hit the markets. Uber Technologies Inc. of San Francisco is currently negotiating another round of financing that could push the company’s valuation over $10 billion. This information was recently made public. If it happens, the company will see a threefold increase in its current value of $3.5 billion. In 2015, the company generated $258 million over several rounds of financing

Uber Management Leading the Charge

While the value and size of the funding may be subject to change, there is an expectation of raising new private equity from investors of less than $1 billion. This new round of financing will see the corporation valued at $10 billion. Technology companies listed on the S&P 500 index are typically valued at $16 billion. Among them are rising tech companies like Airbnb Inc. (presently valued at around $10 billion) and Palantir Technologies Inc. (presently valued at $9 billion).
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Cameron Poetzscher of Uber

Industry insiders are concerned that an asset bubble may be forming in the technology sector, reminiscent of the 90s dot-com boom. However, people with inside information about Uber’s latest round of financing are confident that the company’s new hires, chief among them Cameron Poetzscher (formerly of Goldman Sachs Group Inc.), are leading the corporate development wing to prosperity. Poetzscher joined in March 2016, after having served as head of the mergers and acquisitions division in San Francisco, California.
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Uber’s Resilience Continues Unabated

To date, Uber has raised $307.5 million from multiple investors, including Google Ventures, Benchmark and TPG Capital. It now operates in 115 cities around the world with 900 employees. It derives its income from the commission that drivers pay to join the service, currently at 20%. It is primarily geared towards luxury cars and limousine service, with a large contingent of low-price options available, too. In April, Uber faced a challenge from rival Lyft Inc., as a price war between the two giants emerged. Protests against Uber and Lyft Inc. are widespread but the service continues globally.
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